Neoliberal capitalism is a form of political economy rooted in an ideology of neoliberalism that emphasizes the need to discursively promote a ‘free’ market, while simultaneously ignoring the power relations and disparities embedded in our current structures of ownership and power. It is characterized by a select group of powerful actors and elites who manipulate global markets and free trade agreements to maintain their monopoly on power and resources, as well as a focus on deregulation and privatization of state goods and services. This form of capitalism also upholds the interests of multinational corporations over those of individuals, communities, and the environment.

See also: economic system, late-stage capitalism, post capitalism, social movement